Teryl Resources Corp. (fka TRYLF)

[woodtick27]

News out this week...I know I'm a little late.

Teryl Resources Corp. Disposition of 20% Interest in the Gil Property Approved by Shareholders at EGM
9:00AM ET on Wednesday Dec 14, 2011 by PR Newswire
Teryl Resources Corp. (TSX Venture Exchange: TRC.V, OTCBB: TRYLF) is pleased to announce that the disposition of its 20% interest, to Fairbanks Gold, of the Gil property located in the Fairbanks Mining District was approved by the shareholders on December 8, 2011.

The vote was in favour of the sale, with 25,285,215 million votes for and 9,903,866 against. The Company will receive US$2,500,000 as an advance royalty payment upon completion of the definitive agreement. The next payment for US$1,500,000 as an advanced royalty payment will be paid upon commencement of production and a 1% Net Smelter Return (NSR) until $US15,000,000 has been paid, including the $US4,000,000 payments.and 0.5% thereafter for the life of the mine.

Subject to the approval of the sale of the 20% interest of the Gil property by the regulatory bodies the 100% owned Westridge property, located near the Kinross owned True North deposit, will be drilled and the Fish Creek property will be explored next year. Joint Ventures have and will be pursued for the Teryl properties,including the Westridge property, Fishcreek property, and the Silverknife claims, which is a silver/lead/zinc prospect located in British Columbia adjacent to Silvercorp Minerals silver/lead/zinc prospect."

The sale of the 20% interest in the Gil joint venture is subject to regulatory bodies' approval.

Teryl Resources Corp. is currently suspended from trading as a result of a cease trading order issued by the British Columbia Securities Commission effective December 8, 2011.

ABOUT TERYL RESOURCES

Teryl Resources Corp. symbol TRC.V TSX Venture - has several gold prospects in Alaska near the Kinross Fort Knox Mine, including a 20% interest in the Gil property (held by its 100% owned U.S. subsidiary, Teryl, Inc.; a 100% interest in the Westridge property (located near the Fort Knox mine); a 50% option on the Fish Creek property, adjacent to the Gil property; and a 40% interest in a silver property located in Northern B.C. adjacent to Silvercorp's silver lead zinc discovery. Teryl also has a small revenue interest in three producing oil and gas wells in Texas with Anadarko Petroleum as the operator. See www.terylresources.com website for more detailed information.

ON BEHALF OF THE BOARD OF DIRECTORS

"John Robertson"

John Robertson President

Press Release contact information: John Robertson President, Teryl Resources Corp. T: 800-665-4616 http://www.terylresources.com